{"id":16188,"date":"2025-08-09T09:05:58","date_gmt":"2025-08-09T09:05:58","guid":{"rendered":"https:\/\/ipp-news.com\/?p=16188"},"modified":"2025-08-09T09:05:58","modified_gmt":"2025-08-09T09:05:58","slug":"gold-prices-drop-in-global-local-markets","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=16188","title":{"rendered":"Gold prices drop in global, local markets"},"content":{"rendered":"<div>Gold prices fell in both global and domestic markets,\u00a0tracking a decline in international bullion rates.<\/p>\n<p>According to market data, the price of gold in the international bullion market dropped by USD 3 to USD 3,397 per ounce.<\/p>\n<p>In the local market, gold prices fell by Rs300 per tola to Rs362,400, while the rate for 10 grams declined by Rs257 to Rs310,699.<\/p>\n<p>Similarly, the price of silver per tola fell by PKR 9 to PKR 4,064, and the price of 10 grams of silver decreased by Rs7 to Rs3,484.<\/p>\n<p>Separately, Pakistani rupee strengthened against the US dollar last week, supported by expectations of fresh inflows from a potential Eurobond issue, a crackdown on dollar smuggling, and a sharp drop in international crude oil prices.<\/p>\n<p>Market participants said a 7.4% increase in July remittances and improved trade relations with the United States also bolstered sentiment.<\/p>\n<p>A better foreign exchange supply enabled the fulfillment of external payment and import requirements.<\/p>\n<p>The dollar\u2019s open market rate slipped below Rs285, while in the interbank market, it closed at a two-and-a-half-month low.<\/p>\n<p>The weekly gap between interbank and open market rates narrowed to Rs2.44.<\/p>\n<p>In the interbank market, the dollar fell Rs0.25 to Rs282.46, the pound declined Rs7.19 to Rs379.86, and the euro dropped Rs6.68 to Rs329.37. T<\/p>\n<p>he Saudi riyal and UAE dirham eased Rs0.10 and Rs0.07 to Rs75.26 and Rs76.90 respectively.<\/p>\n<p>In the open market, the dollar fell Rs0.40 to Rs284.90, the Saudi riyal dipped Rs0.15 to Rs75.85, and the UAE dirham dropped Rs0.15 to Rs77.55.<\/p>\n<p>However, the pound rose Rs3.96 to Rs382.73, and the euro gained Rs1.70 to Rs332.20.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices fell in both global and domestic markets,\u00a0tracking a decline in international bullion rates. According to market data, the price of gold in the international bullion market dropped by USD 3 to USD 3,397 per ounce. In the local market, gold prices fell by Rs300 per tola to Rs362,400, while the rate for 10 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-16188","post","type-post","status-publish","format-standard","hentry","category-english-news"],"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/16188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16188"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/16188\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}